
Unit 3 Business & Labor
Authored by David Nichols
Social Studies
12th Grade
Used 2+ times

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44 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Supply of Labor offered by workers
Demand for Labor
Supply of Jobs offered by busineses
All of the Above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the organization that advances the collective interest of employees and strives to improve working conditions and increase wages?
Workers' guild
Labor union
Employer association
Trade federation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term used to describe a price floor that prevents employers from paying workers below a specific amount?
Living wage
Price ceiling
Market equilibrium
Minimum wage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the labor market refer to?
Supply of goods and demand for services
Supply of labor and demand for labor
Supply of labor and demand for goods
Supply of services and demand for labor
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a job is in high demand and has a low supply of applicants, the pay will be ___________
Higher
Lower
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a job is in low demand and a has a large supply of applicants, the pay will be ____________.
Higher
Lower
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unskilled workers often
earn the most income
work the most hours for the lowest wage
have the most education and training
need no supervision
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